The current world economic situation is worse than anyone can imagine. A financial crisis that has been looming since 2008, currently is taking place.
Many negative events are taking place all over the world. Stocks are falling down on markets across the world.
The Dow fell by 530 points, while the Shanghai composite fell by more than 11%. China’s government is keeping up China’s stock market by constant intervention because the stocks have lost a third of their value since the last peak.
Even the richest people are losing because of inflated markets. It has been noted that during this week, 400 of the world’s richest people lost about $182 billion.
Even the dollar has fallen. The value of many commodities has constantly been falling since 2009. This is the main indicator that the economy is not doing very well.
While the value of all other commodities is falling down, gold has reached a six week high. If the value of gold is rising, this indicates that US dollar and the global economy are gradually falling.
It seems that the idea of recovery that has been present during the past 6 years was just an illusion.